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According to the Bureau of Labor Statistics, the average annual expenses for people 65 plus in 2021 was about $52,141.00, which works out to about $4,345 a month. But as Nolan Goslee with Cornerstone Retirement Partners explains to Erin Kennedy, no two people are alike, so figuring out how much money YOU will need depends on your lifestyle and your unique retirement goals. To determine what you'll need for a comfortable, monthly retirement income, first walk through these prompts: 1. Picture your ideal retirement 2. Create a spending plan 3. Consider common risk factors 4. Build a robust nest egg 5. Create a legacy plan If you'd like to speak with Nolan to build a personalized retirement plan that addresses your unique goals, please give him a call at 616-301-2581 or visit www.Cornerstone-RP.com For more updates on when Cornerstone Retirement Partners uploads a new video follow these social medias Facebook - / cornerstoneretirementpartners Linkedin - / cornerstone-retirement-partners Twitter - / cornerstone_rp If you prefer to listen to the videos, they will be posted in audio form on this page. https://coursetoretirement.libsyn.com... Financial Education Find out more information about Cornerstone Retirement Partners, request a consultations, or download the resources mentioned in today’s episode by visiting www.cornerstone-rp.com Disclosure: Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM), a Registered Investment Advisor. BCM and Cornerstone Retirement Partners are independent of each other.